Skellerup taps Rakon CFO Graham Leaming for same role

Skellerup Holdings, the industrial rubber products supplier that posted a record annual profit, has tapped Rakon executive Graham Leaming as its chief financial officer.

Leaming has resigned from Rakon after seven years as combined CFO and chief operating officer, which saw the company through its initial public offering and listing.

Rakon managing director Brent Robinson said his company has begun looking for a replacement.

Last month, Skellerup raised its dividend after reporting a 22 percent gain in full-year profit to $24.7 million as new products and low debt levels shielded it from an economic downturn in some markets.

Shares of Skellerup rose 1.2 percent to $1.66 and have gained 21 percent this year. Rakon was unchanged at 44 cents.

BusinessDesk.co.nz

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